Erste Asset Management GmbH Buys 45,373 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Erste Asset Management GmbH boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 37.7% in the fourth quarter, HoldingsChannel reports. The firm owned 165,684 shares of the semiconductor company’s stock after acquiring an additional 45,373 shares during the period. Erste Asset Management GmbH’s holdings in Texas Instruments were worth $31,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter valued at $28,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $28,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.9 %

TXN opened at $175.70 on Thursday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The firm has a 50-day simple moving average of $189.16 and a two-hundred day simple moving average of $196.85. The company has a market capitalization of $159.87 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the business posted $1.49 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TXN. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Mizuho dropped their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.68% of the company’s stock.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.